Shenandoah Telecommunications Co (NASDAQ:SHEN) – BWS Financial issued their Q3 2018 earnings per share estimates for Shenandoah Telecommunications in a research note issued on Thursday. BWS Financial analyst H. Khorsand expects that the utilities provider will post earnings per share of $0.12 for the quarter. BWS Financial also issued estimates for Shenandoah Telecommunications’ Q4 2018 earnings at $0.12 EPS.

Several other research analysts have also weighed in on the company. Zacks Investment Research raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, May 11th. TheStreet lowered Shenandoah Telecommunications from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Finally, BidaskClub raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $34.67.

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Shares of Shenandoah Telecommunications (SHEN) opened at 35.90 on Monday. The firm’s market capitalization is $1.76 billion. Shenandoah Telecommunications has a 52 week low of $22.05 and a 52 week high of $38.73. The stock has a 50 day moving average price of $30.28 and a 200-day moving average price of $29.47.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. Shenandoah Telecommunications had a positive return on equity of 5.43% and a negative net margin of 0.89%. The business had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $153.83 million. The firm’s revenue was up 17.7% compared to the same quarter last year.

In related news, VP Raymond B. Ostroski sold 3,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $31.75, for a total value of $95,250.00. Following the transaction, the vice president now directly owns 21,621 shares of the company’s stock, valued at approximately $686,466.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.24% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SHEN. BlackRock Inc. raised its position in shares of Shenandoah Telecommunications by 91,238.8% in the first quarter. BlackRock Inc. now owns 3,679,126 shares of the utilities provider’s stock valued at $103,201,000 after buying an additional 3,675,098 shares during the period. Norges Bank purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at $13,697,000. Aberdeen Asset Management PLC UK raised its position in shares of Shenandoah Telecommunications by 16.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 2,374,343 shares of the utilities provider’s stock valued at $66,600,000 after buying an additional 338,266 shares during the period. TimesSquare Capital Management LLC raised its position in shares of Shenandoah Telecommunications by 20.6% in the first quarter. TimesSquare Capital Management LLC now owns 1,837,275 shares of the utilities provider’s stock valued at $51,536,000 after buying an additional 313,500 shares during the period. Finally, Mawer Investment Management Ltd. raised its position in shares of Shenandoah Telecommunications by 28.6% in the second quarter. Mawer Investment Management Ltd. now owns 838,399 shares of the utilities provider’s stock valued at $25,739,000 after buying an additional 186,523 shares during the period. 49.61% of the stock is currently owned by institutional investors and hedge funds.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.

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